Pension Specialist

Date: 18 Feb 2024

Location: Dungarvan, WD, IE

Company: Glanbia

 

    

 

 

Pension Specialist
Hybrid working / Flexible Location

Tirlán 
Tirlán, is a world-class food and nutrition co-operative, with a diverse portfolio of quality ingredients, leading consumer and agri brands. 
Tirlán owns leading brands such as Avonmore, Kilmeaden Cheese, Millac, Solmiko, Truly Grass Fed, Premier Milk, Wexford, mymilkman.ie and GAIN Animal Nutrition.
We nurture a talented team across Ireland, the US, MEA and China, delivering annual revenues of over €3 billion, and over 2,300 people to manage our network of 11 processing plants and 52 agri branches. Our purpose is to nourish the world, while safeguarding our environment for future generations.


Role Profile
An exciting opportunity has come up for the role of Pension Specialist to join Tirlan.  Reporting to the Pensions Manager, based in Dungarvan Co. Waterford, the successful candidate will work as part of a team to ensure efficient compliance of Company pension schemes, in line with regulatory requirements and industry best practice.  

Cross-training and peer review are a key aspect of this role.

Flexible location - Citywest / Kilkenny or Dungarvan based. (hybrid model)


Responsibilities

  • Administer defined benefit pension schemes in line with manuals and service levels
  • Liaise with, and provide support to in-house functions (e.g. Payroll, HR, Reward, Finance, Treasury, Internal Audit) within the business and third party providers including audit, actuarial, accounting, legal, administration, and consulting contacts, as required
  • Monitor and reconcile Trustee bank accounts and company pension control account
  • Prepare payments from the Trustees bank accounts and Pension Control Account, following verification, approval, and record keeping processes
  • Maintain up to date member and financial records in agreed format on payroll and pension systems and files, for clean audit 
  • Calculate and pay benefits on death, retirement, leaving service, including Revenue limits and tax, where applicable
  • Administer contribution deductions and remittance, including calculation of contributions, processing and testing payroll inputs, monthly reconciliation and reporting of contribution deductions, monitoring contribution limits and compliance monitoring
  • Complete annual renewal of pension schemes, including calculations of pensionable salary and service, preparation of annual benefit statements, within agreed timelines
  • Prepare member and financial record files and reports for Trustee meetings, annual scheme audits, periodic actuarial valuations, and internal business needs
  • Manage pension payroll including new pensioner calculations and set up, monthly pension payroll reconciliations, processing of death claims, and administration of changes to pensioner records
  • Liaise with external scheme administrator to calculate and pay benefits on death, retirement, leaving service, including Revenue limits and tax, where applicable
  • Administer contribution deductions and remittance, including calculation of contributions, processing and testing payroll inputs, monthly reconciliation and reporting of contribution deductions, monitoring contribution limits and compliance monitoring
  • Complete annual renewal of pension schemes, including provision of data to external scheme administrator to prepare annual benefit statements, within agreed timelines
  • Administer Company risk benefits, including insurance arrangements for life assurance and income protection.  This includes management of claims, payment of premiums, and preparation of annual renewal data.
  • Participate in operational and strategic pensions project work, as required
  • Keep abreast of pension and applicable tax law, engaging in training where gaps are identified

 

Requirements

  • Relevant undergraduate / postgraduate qualification  (Pension / Business / Accounting / Payroll)
  • Proven experience within a financial institution, brokerage, or in-house pensions function
  • Good technical knowledge in respect of pensions provision in Ireland and the relevant underlying legislation and regulatory environment
  • Strong organisational skills with the ability to prioritise workload and meet tight deadlines
  • Must hold the LIA or IIPM pensions qualifications for scheme administration or be near completion.  Further qualifications are desirable
  • Knowledge and experience of operations of pensions across other jurisdictions desirable 
  • Self-motivated with a strong ability to work on own initiative with a proactive and driven approach
  • Excellent communication and interpersonal skills with an ability to deliver technical issues in a clear and concise manner to a wide audience

 

We offer

Hybrid working (flex Fridays)
Free parking
Work/life balance and collaborative work culture
Career progression opportunities

Pension Contribution

Yearly bonus 

 

 

About us 
Through our expertise in research and development, customer insights, food safety and state-of-the-art manufacturing we bring innovative food and nutrition solutions to a global market.

 

Commitment to Diversity & Inclusion
We believe in the value of difference. We know that different perspectives, life experience and backgrounds can drive innovation and deliver growth. 
We welcome people from all walks of life without regard to race, colour, religion, sex, sexual orientation, gender perception or identity, national origin, age, marital status, or disability status. 

 

Join our Talent Pool
Considering a new career in Tirlán but this isn’t the role for you? Join our talent community and sign up for job notifications at www.tirlan.com/careers

Tirlán is a Values Based Organisation